LIBYA: NOC Declares Force Majeure on Sharara Oilfield Crude Exports after Armed Attack

Libya’s National Oil Corporation (NOC)’s  has condemned the crime committed by an armed group on the evening of Monday, June 8, 2020 which stormed the Sharara oilfield and pulled their … Read More

Global oil demand to decline in 2020 as coronavirus weighs heavily on markets – IEA

Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International … Read More

Coronavirus to delay most of 2020’s FPSO deliveries and postpone USD30 billion of E&P investments

Out of a global total of 28 floating production, storage and offloading (FPSO) vessels that are under construction, 22 are being built at shipyards in China, South Korea and Singapore. Rystad … Read More

The Arab Petroleum Investments Corporation (APICORP) issues its Annual Top Picks for Energy Investments in 2020

Assuming balanced markets and barring other geopolitical events, Brent prices are expected to trade in the USD55-65 range; “Wait-and-see attitude” on geopolitical and economic issues loom over market and investors; … Read More